B&M European Value Retail (LON:BME) Given Buy Rating at Citigroup

B&M European Value Retail (LON:BME - Get Free Report)'s stock had its "buy" rating restated by Citigroup in a research report issued on Friday, Marketbeat Ratings reports. They presently have a GBX 456 ($5.89) price target on the stock. Citigroup's price objective points to a potential upside of 67.84% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. decreased their target price on B&M European Value Retail from GBX 349 ($4.51) to GBX 320 ($4.13) and set an "underweight" rating for the company in a research report on Monday, January 13th. Canaccord Genuity Group lowered their target price on shares of B&M European Value Retail from GBX 545 ($7.04) to GBX 490 ($6.33) and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 538.76 ($6.96).

B&M European Value Retail Stock Up 4.3 %

Shares of BME traded up GBX 11.28 ($0.15) during midday trading on Friday, reaching GBX 271.68 ($3.51). 3,066,357 shares of the stock were exchanged, compared to its average volume of 16,821,199. The company has a market cap of £2.74 billion, a price-to-earnings ratio of 6.50 and a beta of 1.05. The company has a quick ratio of 0.38, a current ratio of 1.06 and a debt-to-equity ratio of 315.77. B&M European Value Retail has a 12-month low of GBX 254.60 ($3.29) and a 12-month high of GBX 556.60 ($7.19). The firm has a 50 day simple moving average of GBX 290.76 and a 200-day simple moving average of GBX 348.32.

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Insider Buying and Selling

In other B&M European Value Retail news, insider Oliver Tant bought 7,500 shares of B&M European Value Retail stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of GBX 285 ($3.68) per share, with a total value of £21,375 ($27,616.28). 4.22% of the stock is currently owned by corporate insiders.

B&M European Value Retail Company Profile

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.